This is complete BS. AIG owes north of $150 Billion to the U.S. taxpayer. What sleight of hand is going to permit AIG to pretend that it’s paid back this amount, hwich by no means it can possibly do?
Not true! AIG has paid back billions of dollars to the government. AIG has more insurance capacity than Travelers, ACE and Berkshire. No, underperforming here.
Capacity doesn’t mean the company is overperforming. Here is the article that backs me up. It sounds like Reality Check…really? needs to go back and read some more.
Read the following….
AIG has done pretty well since its earnings announcement. It has gained 80 cents (2.33 percent) during the past month and is currently trading below its 20-day and 50-day moving averages but above its 200-day moving average.
AIG vs. Its Industry Peers
Looking at AIGcompared to a few of its industry peers, you can see that it is underperforming most of them.
Berkshire Hathaway Inc. (BRK-A) [Chart – Analysis – News] is the largest company in the Property & Casualty Insurance industry (based on market cap), and has been doing well recently. Looking at BRK-A’s recent stock performance, BRK-A has gained $5,898.62 (5.09 percent) during the past month and is currently trading below its 20-day moving average but above its 50-day and 200-day moving averages.
The Travelers Companies, Inc. (TRV) [Chart – Analysis – News] is also a member of the Property & Casualty Insurance industry. TRV has gained $3.49 (7.14 percent) during the past month and is currently trading above its 20-day, 50-day and 200-day moving averages.
ACE Limited (ACE) [Chart – Analysis – News], another industry peer, has gained ground during the past year. ACE has gained $3.97 (7.51 percent) during the past month and is currently trading above its 20-day, 50-day and 200-day moving averages.
AIG vs. the Property & Casualty Insurance Industry
During the past month, the Property & Casualty Insuranceindustry has climbed 6.16 percent. Comparitively, AIG has underperformed the industry as a whole—which is a bad sign for the stock.
This is complete BS. AIG owes north of $150 Billion to the U.S. taxpayer. What sleight of hand is going to permit AIG to pretend that it’s paid back this amount, hwich by no means it can possibly do?
While AIG puts on its best game face, it is hard to escape the reality. The company is far from exiting government ownership.
The company has far underperformed three main competitors-Berkshire Hathaway, Travelers and ACE.
In addition, the company has badly underperformed the property-casualty industry index as a whole. While the index grew 6.16%, AIG only grew 2.33%.
The company is going to be under government ownership for an extremely long time…..
Not true! AIG has paid back billions of dollars to the government. AIG has more insurance capacity than Travelers, ACE and Berkshire. No, underperforming here.
Capacity doesn’t mean the company is overperforming. Here is the article that backs me up. It sounds like Reality Check…really? needs to go back and read some more.
Read the following….
AIG has done pretty well since its earnings announcement. It has gained 80 cents (2.33 percent) during the past month and is currently trading below its 20-day and 50-day moving averages but above its 200-day moving average.
AIG vs. Its Industry Peers
Looking at AIGcompared to a few of its industry peers, you can see that it is underperforming most of them.
Berkshire Hathaway Inc. (BRK-A) [Chart – Analysis – News] is the largest company in the Property & Casualty Insurance industry (based on market cap), and has been doing well recently. Looking at BRK-A’s recent stock performance, BRK-A has gained $5,898.62 (5.09 percent) during the past month and is currently trading below its 20-day moving average but above its 50-day and 200-day moving averages.
The Travelers Companies, Inc. (TRV) [Chart – Analysis – News] is also a member of the Property & Casualty Insurance industry. TRV has gained $3.49 (7.14 percent) during the past month and is currently trading above its 20-day, 50-day and 200-day moving averages.
ACE Limited (ACE) [Chart – Analysis – News], another industry peer, has gained ground during the past year. ACE has gained $3.97 (7.51 percent) during the past month and is currently trading above its 20-day, 50-day and 200-day moving averages.
AIG vs. the Property & Casualty Insurance Industry
During the past month, the Property & Casualty Insuranceindustry has climbed 6.16 percent. Comparitively, AIG has underperformed the industry as a whole—which is a bad sign for the stock.